Time Warner Cable 2012 Annual Report Download - page 132
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TIME WARNER CABLE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Consolidating Statement of Operations for the Year Ended December 31, 2012
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Revenue ...................................$ — $ — $ 21,386 $ — $ 21,386
Costs and expenses:
Cost of revenue ........................... — — 9,942 — 9,942
Selling, general and administrative ............ — — 3,620 — 3,620
Depreciation ............................. — — 3,154 — 3,154
Amortization ............................. — — 110 — 110
Merger-related and restructuring costs ......... 24 — 91 — 115
Total costs and expenses ...................... 24 — 16,917 — 16,941
Operating Income (Loss) ..................... (24) — 4,469 — 4,445
Equity in pretax income of consolidated
subsidiaries .............................. 3,663 3,320 162 (7,145) —
Interest expense, net ......................... (308) (145) (1,153) — (1,606)
Other income, net ........................... — 416 81 — 497
Income before income taxes ................... 3,331 3,591 3,559 (7,145) 3,336
Income tax provision ........................ (1,176) (1,330) (1,134) 2,463 (1,177)
Net income ................................ 2,155 2,261 2,425 (4,682) 2,159
Less: Net income attributable to noncontrolling
interests ................................. — — (4) — (4)
Net income attributable to TWC shareholders .....$ 2,155 $ 2,261 $ 2,421 $ (4,682) $ 2,155
Consolidating Statement of Comprehensive Income for the Year Ended December 31, 2012
Parent
Company
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations
TWC
Consolidated
Net income ................................$ 2,155 $ 2,261 $ 2,425 $ (4,682) $ 2,159
Change in accumulated unrealized losses on
pension benefit obligation, net of tax .......... (167) — — — (167)
Change in accumulated deferred gains (losses) on
cash flow hedges, net of tax ................. 63———63
Other comprehensive loss ..................... (104) — — — (104)
Comprehensive income ....................... 2,051 2,261 2,425 (4,682) 2,055
Less: Comprehensive income attributable to
noncontrolling interests ..................... — — (4) — (4)
Comprehensive income attributable to TWC
shareholders $ 2,051 $ 2,261 $ 2,421 $ (4,682) $ 2,051
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